etoro trading platform quick tour

There isn't much to talk about etoro trading platform.Because lots of options are self-explanatory.I ll talk about few important ones in this tour.

Global Tader,Forex Trend,Forex Marathon options are just useless.Because you really can't predict anything in those options.To predict more accurately you need to use charts.I ll talk more about charts in etoro platform in this post.

so Let's stat with forex charts in etoro platform.
from now on I recommend you to use candlestick charts instead of line charts.Because in later lessons you ll lean about candlestick chart patterns.It will help you to predict future price movements.


etoro trading platform has a great expert mode.(top right of trading platform).you can easily place orders and stop losses in here.(Don't worry you ll study orders and stop losses in later lessons)


for now you can use etoro charts.but later we ll use more powerful and great charting software for our charts.instead of etoro's basic charts.

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Quick Tutorial-Let's start your first forex practice account

Forex market is the worlds largest market.Before you get started as a trader,first you must need to have a good broker.
what is forex broker???
a broker is an individual or a company that buys and sells orders according to the trader's(your)decisions. Brokers earn money by charging a commission or a fee for their services.
confused!! don't be.. after this tutorial.you ll really find out whats the meaning of "forex broker".

In forex market you have to buy one currency and sell it to a another currency,
Let's say you brought some us dollars.after us dollars bid rate goes up you sell it to a another currency.like euro,yen etc..
The simplest mean is you buy low and sell high..

we ll create practice account and trade with virtual money first..

If you want you can always start a real trading account.

that's enough..Let's start a Forex practice account..

--1--
In this example we ll choose etoro as our broker.because their trading platform is really easy to use.
click the link below
eToro Forex Trading

--2--
go to the download section and download etoro trading platform.and follow the download instructions and create your practice account.

--3--
After you create your practice account go to practice account by clicking "Practice Trading" button.


--4--
Let's start practicing..we ll use eur/usd for this tutorial.

click the "Forex Charts" button.


--5--
choose eur/usd(you can choose any currency).

in this example there is a trend.euro is rising against usd.so you have to buy euro low and sell high for usd.(if u didn't understand what I said..don't worry just play for a while)

This is absolutely not a great way to trade, I just wanted to give you a basic idea about trading.In next tutorials we ll discuss some trading strategies.
but you can play few days like this.It will give you some basic trading experience.

next tutorial we ll discuss little more about etoro trading platform.

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welcome to the world of forex

Hi,first of all welcome to beginners-forex-guide.blogspot.com.If you are a forex beginner you just made your first correct decision by coming to this site.This site will give everything you need to get started with Forex.It means this site is exclusively for Foerx beginners.In later posts I ll give you great resources and tutorials to get you started..

I always wanted to created a blog to help Forex beginners.Because I saw lots of newbies are so curious and really don't know when to start what to do.They probably always make bad decisions.The main reason is lack of Forex education.If you are a newbie don't worry I ll always show you the right way.
okk. I that's enough..

Lets Get started!!

Let me guess..your first question probably could be "How much can I earn with forex??"
well it will always depend on your Forex education..Don't be so greedy.Because you need to learn at least basics before get started.

Whats the meaning of Forex??well Forex stands for foreign exchange market.You can study all the history about Forex here.
http://en.wikipedia.org/wiki/Foreign_exchange_market

In my next post I ll show you how you can start Forex practice account.

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